The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-07-06
CONDITION OF THE MARKETS
Light Trading in Wheat at Prices
! Trifle Higher than Last Quotations.
Corn Active. Weak and Unsettled. the Trans
actions Being Unusually Large-0ats
Weaker Provisions Moderatively Active.
MONEY, BONDS AND STOCKS.

Al Dull and Weak Market, the TRANSACTIONS
Being Confined to- Half a Dozen Stocks
NEW YORK, July 5-Money cali loaned
at from to 10 per cent, closing offered at per
cent.
Prime mercantile paper. 505l per cent
Sterling exchange was dull but steady at
81 1924 for sixty days and 81 1871 for demand.
The total sales of stocks to-day were 1872, 251
shares including the following: Delaware.
Lackawanna & Western, 1900; Erie, AGO.
Lake Shore, 9,l93; Louisville & Nashville.
1890; Pacific Mail. $780, Reading. $780, st.
Paul, 10, 1916; Western Union. %, 065
The stock market dull and quite weak to-
day. though the transactions were principally in
q half dozen stocks, the remainder being entirely
uninterestng. There a slim attendance at
the board this morning, and, though there were
some purchase orders executed chiefly for for
eign account, the demand was soon supplied.
when the traders embraced the opportunity to
again raid the market and. as they met with no
opposition, values the close of the day were
materially lower than this morning Reading
was remarkably well held. and furnished a very
large proportion of the days business. Special
impression, however. was made on Louisville &
Nashville and Pacific Mail. though all the active
stocks were sharers in the declines The higher
rates for money prevailing in the forenoon were
favorable to thu tactics of the "bears."
and when they eased off, late in the day some
elightimprovement made The attack upon
values did not dislodgs ''long" stocks any
tent, though Pacific Mail sold upon belief
that the Pacific roads would be able. under the
rulings of the Interstate Commission, to make
rates which would seriously interfere with the
business of the company. There noder-
ately firm opening, which was followed by frac-
tional advances In the general list, whils Read
ing showed remarkable strength, gaining IL per
cent within the first half hour, while it's trans
actions were about half of the total business
done during that time. The remainder
of the market w7a almost stagnant until
the buying exhausted, when a heavy
tone overspread the market and Reading became
comparatively qnet while more animation was
show in other stocks. In the afternoon decided
weakness was developed New England. Louis
vile & Nashville and Pacific Mail being most
prominent There was slight rally in the last
hour, but the close duh and heavy, generally
at shade above the lowest figures. The entire
list, with but one exceptions is lower this
evening, and Colorado Coal is of p; Louisville
g. Nashville %: Canada Southern, Il; Pacific
Mail III New England and Manhattan. II;
Omaha and Lake Erie e. Western preferred, II;
St. Paul and Oregon g. Transcontintal, IL; Jer-
sey Central and Denver preferred, II.
Railroad bonds dull; sales, 5000, 600.
, Most of the changes in prices fractional.
Though Central Pacific land grants down 3
to 100
Government bonds were dull and heavy.
State bonds were neglected. Closing Quota
tons were: